WhaleCreep

Bridgewater Associates, LP 13F holdings, Q3 2018

Hedge fundSEC filingsCompare with another fundHoldings as of 2018-09-30, filed 2018-11-13

Bridgewater Associates, LP disclosed 354 US equity positions worth $9.7bn in its Q3 2018 13F filing. Its largest position is SPY at 23.6% of the reported book, followed by VWO and IEMG. Versus Q2 2018 it opened 64 new positions, added to 125, reduced 148 and exited 170.

$9.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
354
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
23.6%
Largest position
The largest single position as a share of the reported equity book.
71.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
9
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
83
Quarters on file since Q4 2005
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2018: 64 new, 125 added, 148 reduced, 170 exited

50 of 354
SPY SPDR S&P 500 ETF Trust–23.6%$2.3bn7.85m−6.4%reduced
VWO VANGUARD INTL EQUITY INDEX F–21.6%$2.1bn50.76m+1.7%added
IEMG ISHARES INC–6.1%$589m11.37m+7.8%added
GLD SPDR GOLD TRUST–4.6%$441m3.91m0.0%held
EEM ISHARES TR–3.5%$341m7.94m+6.8%added
LQD ISHARES TR–3.0%$288m2.50m0.0%held
IVV ISHARES TR–2.4%$236m804,9930.0%held
TLT ISHARES TR–2.4%$231m1.97m0.0%held
HYG ISHARES TR–2.3%$218m2.52m0.0%held
EMB ISHARES TR–2.0%$190m1.76m0.0%held
VEA VANGUARD TAX-MANAGED FDS–1.7%$167m3.87m0.0%held
EFA ISHARES TR–1.7%$166m2.45m0.0%held
IEFA ISHARES TR–1.6%$153m2.39m0.0%held
EWZ ISHARES INC–1.6%$150m4.45m−51%reduced
IAU ISHARES GOLD TRUST–1.3%$129m11.32m0.0%held
TIP ISHARES TR–1.3%$124m1.12m0.0%held
RY ROYAL BK CDAFinancial Services0.6%$56.0m699,313+17%added
TD TORONTO DOMINION BK ONTFinancial Services0.6%$54.3m893,616+17%added
TOL TOLL BROTHERS INCConsumer Cyclical0.5%$43.7m1.32m+29%added
CELG CELGENE CORP–0.4%$38.1m426,026−22%reduced
EWT ISHARES INC–0.4%$37.0m980,5150.0%held
BNS BANK NOVA SCOTIA B CFinancial Services0.4%$36.2m606,941+17%added
USX1 UNITED STATES STL CORP NEW–0.3%$33.3m1.09m+116%added
EWY ISHARES INC–0.3%$33.2m486,063+344%added
SU SUNCOR ENERGY INC NEWEnergy0.3%$32.7m844,910+15%added
CNI CANADIAN NATL RY COIndustrials0.3%$31.6m353,046+17%added
T AT&T INCCommunication Services0.3%$31.5m936,869−26%reduced
INTC INTEL CORPTechnology0.3%$31.2m660,539+257%added
PHM PULTE GROUP INCConsumer Cyclical0.3%$26.1m1.05m+157%added
BMO BANK MONTREAL MEDIUMFinancial Services0.3%$25.5m309,332+17%added
NEWFIELD EXPL CO no ticker–0.3%$24.9m862,195+28%added
IVZ INVESCO LTDFinancial Services0.2%$23.5m1.03m+42%added
BFH BREAD FINANCIAL HOLDINGS INCFinancial Services0.2%$23.4m99,167+7.9%added
GE GENERAL ELECTRIC COIndustrials0.2%$22.7m2.01m–new
AMAT APPLIED MATLS INCTechnology0.2%$22.0m568,949+3.1%added
TEL TE CONNECTIVITY LTDTechnology0.2%$21.4m243,134−7.5%reduced
CNQ CANADIAN NAT RES LTD MED TEREnergy0.2%$21.1m645,635+15%added
MU MICRON TECHNOLOGY INCTechnology0.2%$20.5m454,046+26%added
LYONDELLBASELL INDUSTRIES NV no ticker–0.2%$20.4m198,761+102%added
CM CANADIAN IMPERIAL BANK OF COFinancial Services0.2%$19.4m207,167+18%added
TRANSCANADA CORP no ticker–0.2%$18.5m457,779+16%added
DISH DISH NETWORK CORPORATION–0.2%$18.5m516,510−3.5%reduced
BROOKFIELD ASSET MGMT INC no ticker–0.2%$18.5m414,926+15%added
BBBYEUR BED BATH & BEYOND INC–0.2%$18.3m1.22m+64%added
NTR NUTRIEN LTDBasic Materials0.2%$17.6m305,793+16%added
URBN URBAN OUTFITTERS INCConsumer Cyclical0.2%$17.4m425,989+165%added
PVH PVH CORPORATIONConsumer Cyclical0.2%$17.1m118,228–new
GAP GAP INCConsumer Cyclical0.2%$16.9m586,184+898%added
MFC MANULIFE FINL CORPFinancial Services0.2%$16.3m913,735+18%added
GME GAMESTOP CORPConsumer Cyclical0.2%$16.3m1.07m−45%reduced

Exited since Q2 2018

170 rows
PCG PG&E CORP0.3%$33.0m
KMB KIMBERLY-CLARK CORP0.2%$22.0m
DISCAUSD DISCOVERY INC0.1%$11.2m
INTU INTUIT0.09%$8.9m
UPS UNITED PARCEL SERVICE INC0.08%$8.3m
HONGBP HONEYWELL INTL INC0.08%$8.3m
SBUX STARBUCKS CORP0.08%$8.2m
VZ VERIZON COMMUNICATIONS INC0.08%$8.2m
KO COCA COLA CO0.08%$8.1m
DIS DISNEY WALT CO0.08%$7.7m
CCL CARNIVAL CORP0.06%$6.0m
TIFEUR TIFFANY & CO NEW0.06%$5.7m
MAR MARRIOTT INTL INC NEW0.05%$5.4m
BEN FRANKLIN RESOURCES INC0.05%$5.2m
ADP AUTOMATIC DATA PROCESSING IN0.04%$4.4m
RCL ROYAL CARIBBEAN CRUISES LTD0.04%$4.4m
PGR PROGRESSIVE CORP0.04%$4.3m
D DOMINION ENERGY INC0.04%$3.6m
VALEANT PHARMACEUTICALS INTL no ticker0.03%$3.4m
MS MORGAN STANLEY0.03%$3.2m
ECL ECOLAB INC0.03%$3.1m
JNP JUNIPER NETWORKS INC0.03%$3.0m
PH PARKER-HANNIFIN CORP0.03%$2.9m
FFIV F5 INC0.03%$2.7m
VRTX VERTEX PHARMACEUTICALS INC0.03%$2.6m
MSM MSC INDL DIRECT INC0.02%$2.4m
PC6A PETROCHINA CO LTD0.02%$2.3m
EIX EDISON INTL0.02%$2.3m
COR CENCORA INC0.02%$2.2m
ALXN ALEXION PHARMACEUTICALS INC0.02%$2.1m
RVTY REVVITY INC0.02%$2.1m
AMP AMERIPRISE FINL INC0.02%$2.0m
PXGBX PRAXAIR INC0.02%$1.9m
TRMB TRIMBLE INC0.02%$1.8m
STT STATE STR CORP0.02%$1.7m
AMG AFFILIATED MANAGERS GROUP0.02%$1.6m
AVY AVERY DENNISON CORP0.02%$1.6m
RS RELIANCE INC0.01%$1.5m
XYL XYLEM INC0.01%$1.4m
IEX IDEX CORP0.01%$1.4m
MET METLIFE INC0.01%$1.2m
MDLZ MONDELEZ INTL INC0.01%$1.2m
ZION ZIONS BANCORPORATION NATL AS0.01%$1.2m
SYMCEUR SYMANTEC CORP0.01%$1.1m
AXP AMERICAN EXPRESS CO0.01%$1.1m
V VISA INC0.01%$1.1m
JPM JPMORGAN CHASE & CO0.01%$1.1m
VAREUR VARIAN MED SYS INC0.01%$1.0m
PNC PNC FINL SVCS GROUP INC0.01%$1.0m
BALL BALL CORP0.01%$962k

Sector mix

  • Unclassified84.9%
  • Financial Services3.3%
  • Consumer Cyclical3.0%
  • Technology1.6%
  • Industrials1.5%
  • Healthcare1.5%
  • Energy1.3%
  • Communication Services1.0%
  • Basic Materials0.9%
  • Consumer Defensive0.6%
  • Utilities0.2%
  • Real Estate0.2%

Book over time

Every quarter on file (83)
QuarterPositionsEquity book
Q2 2026997$24.4bn
Q1 2026993$22.4bn
Q4 20251,040$27.4bn
Q3 20251,014$25.5bn
Q2 2025585$24.8bn
Q1 2025664$21.6bn
Q4 2024691$21.8bn
Q3 2024773$17.7bn
Q2 2024877$19.2bn
Q1 2024677$19.8bn
Q4 2023742$17.9bn
Q3 2023740$16.5bn
Q2 2023696$16.2bn
Q1 2023710$16.4bn
Q4 2022820$18.3bn
Q3 2022866$19.8bn
Q2 2022985$23.6bn
Q1 2022968$24.8bn
Q4 2021731$17.2bn
Q3 2021683$18.3bn
Q2 2021704$15.6bn
Q1 2021455$11.3bn
Q4 2020525$11.6bn
Q3 2020430$8.3bn
Q2 2020383$6.0bn
Q1 2020399$5.0bn
Q4 2019471$9.8bn
Q3 2019332$11.4bn
Q2 2019305$12.8bn
Q1 2019303$16.3bn
Q4 2018472$10.9bn
Q3 2018354$9.7bn
Q2 2018460$10.0bn
Q1 2018460$10.5bn
Q4 2017245$12.2bn
Q3 2017285$14.9bn
Q2 2017343$10.9bn
Q1 2017236$8.8bn
Q4 2016266$10.5bn
Q3 2016299$10.2bn
Q2 2016339$8.0bn
Q1 2016253$7.9bn
Q4 2015263$7.7bn
Q3 2015430$7.5bn
Q2 2015306$10.8bn
Q1 2015328$12.8bn
Q4 2014335$12.5bn
Q3 2014363$12.8bn
Q2 2014303$13.3bn
Q1 2014339$12.2bn
Q4 2013293$12.5bn
Q3 2013311$11.9bn
Q2 2013323$11.4bn
Q1 2013218$10.8bn
Q4 2012179$9.7bn
Q3 2012202$7.3bn
Q2 2012163$6.6bn
Q1 2012219$6.3bn
Q4 2011223$5.8bn
Q3 2011329$6.0bn
Q2 2011301$6.7bn
Q1 2011316$5.7bn
Q4 2010337$4.9bn
Q3 2010366$5.6bn
Q2 2010359$4.7bn
Q1 2010359$3.8bn
Q4 2009356$2.4bn
Q3 2009353$3.5bn
Q2 2009296$2.5bn
Q1 2009299$2.4bn
Q4 2008324$2.5bn
Q3 2008334$3.4bn
Q2 2008377$4.8bn
Q1 2008429$5.6bn
Q4 2007386$4.0bn
Q3 2007396$2.1bn
Q2 2007337$1.2bn
Q1 2007352$535m
Q4 2006276$379m
Q3 2006265$365m
Q2 2006238$319m
Q1 2006166$425m
Q4 2005136$250m

Where Bridgewater Associates, LP was early

26 rows
IBM INTERNATIONAL BUSINESS MACHSQ1 20062 of 1680.9%1.4%46Exited by Q3 2024+119%
MEOH METHANEX CORPQ3 20061 of 1081.6%1.9%13Exited by Q2 2026+145%
SJR/BEUR SHAW COMMUNICATIONS INCQ3 20063 of 851.1%1.6%28Exited by Q3 2021–
CAE CAE INCQ4 20061 of 771.9%1.9%13Exited by Q4 2025+223%
LUV SOUTHWEST AIRLS COQ2 20071 of 1750.08%1.9%53Held at last filing, Q2 2026+245%
MGA MAGNA INTL INCQ2 20072 of 1011.0%1.0%30Exited by Q1 2026+134%
MSFT MICROSOFT CORPQ2 20074 of 3742.5%3.4%65Held at last filing, Q2 2026+1166%
TER TERADYNE INCQ1 20081 of 1920.4%1.0%24Held at last filing, Q2 2026+3796%
EEM ISHARES TRQ3 20094 of 1341.2%27.3%60Exited by Q4 2024+18%
IVV ISHARES TRQ3 20105 of 830.3%10.6%64Held at last filing, Q2 2026+554%
LQD ISHARES TRQ4 20103 of 1010.6%4.5%63Held at last filing, Q2 2026+0.6%
VWO VANGUARD INTL EQUITY INDEX FQ1 20111 of 5513.3%42.6%62Held at last filing, Q2 2026+22%
EWZ ISHARES INCQ2 20123 of 1191.6%5.3%33Exited by Q1 2025−56%
IEMG ISHARES INCQ3 20161 of 510.6%13.0%40Held at last filing, Q2 2026+82%
EWY ISHARES INCQ3 20164 of 1130.06%2.0%34Held at last filing, Q2 2026+247%
IAU ISHARES GOLD TRQ2 20173 of 490.3%4.5%25Exited by Q3 2023+52%
IEFA ISHARES TRQ2 20173 of 430.5%2.2%23Exited by Q1 2023+1.2%
TIP ISHARES TRQ2 20173 of 511.3%1.8%12Exited by Q2 2020+4.0%
EWT ISHARES INCQ2 20174 of 530.3%1.9%19Exited by Q4 2022+21%
VEA VANGUARD TAX-MANAGED FDSQ2 20174 of 470.5%2.4%23Exited by Q1 2023+1.6%
EFA ISHARES TRQ2 20176 of 780.5%2.4%23Exited by Q1 2023+0.7%
EMB ISHARES TRQ2 20177 of 730.7%2.0%12Exited by Q2 2020−15%
TLT ISHARES TRQ2 201710 of 1300.8%5.5%12Exited by Q2 2020+32%
INDA ISHARES TRQ1 201910 of 910.01%1.8%6Exited by Q3 2020−18%
MCHI ISHARES TRQ2 20193 of 580.2%2.5%24Exited by Q2 2025−8.5%
PDD PDD HOLDINGS INCQ2 201915 of 2050.02%2.2%24Exited by Q2 2025+474%

Concentration and tenure

26.1%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
61.9%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters